This is still working off of the Coin Market Cap data
I got many intrraday move over 1% so I filtered it to 7%. My script for 10% did not work for some reason. Anyhow, I made video to explaining this ‘strategy’ seems to be close to 100% working. This means the Technicals at Investing.com for daily is usually at a sell. This is for the combo of technical indicators and mobing averages. It also has sell signals for the intraday of being 5, 15 minute, and hourly timeframe.
Daily strategy working to
Note that my report a combo of ‘BCHBNB’ ‘XZCBNB’ ‘LTCBNB’ ‘NEOBNB’ from my report I have been posting on my Youtube channel. This uses daily data from Binance only. The strategy as described above also pretty well is consistent.
All in all, this appears to be working as I will do one more test for tomorrow or maybe even next week.
Once everything checks out, I will put some live money to it with the position manager and watch list.
All future data will be put into my Analytics service here
Intraday Bitcoin Cash Litecoin is where up moves HUGE but not daily
I found this by accident on Investing.com. Intraday technical charts show strong sells but not on the daily. This was consistent across all timeframes for 3 different crypto currency pairs from Binance.
Devil in the details
This was found after my frequency crypto currency analysis. I was struggling to find answers where some signals work, others did not. After watching this, you will find the scanner works for picking the potentially hot crypto currency pairs. The profit or opportunity appears to be in the intraday at 5 and 15 minute levels with strong buy. There is the occasional opportunity on a hourly level as well.
Do large intraday reversals always signal a continuation in the latter direction in the short term/long term?
–I don’t have any statistics related to your question, but I know that many intraday reversals are only intraday traders inventory adjustments. –Many such intraday reversals are inventory adjustment as as Michele replied or trapped traders squaring off. Not all intraday reversals fall into this category. Watch the price action next day, if it revisits the prior day reversal levels, then it is likely to be inventory adjustment.
–Any Trend Reversal will begin with an Intraday Reversal but all Intraday Reversals will not be Trend Reversals. I dont have the Statistics but can tell you the probability will be very low. But if you are aware of Crucial Levels and you see a Reversal at those levels you can catch the down Move Early.